Energy Fuels (NYSEAMERICAN:UUUU) Shares Gap Down – Here’s Why

Energy Fuels Inc (NYSEAMERICAN:UUUU) shares gapped down before the market opened on Wednesday . The stock had previously closed at $23.52, but opened at $22.66. Energy Fuels shares last traded at $22.75, with a volume of 7,786,001 shares traded.

Wall Street Analysts Forecast Growth

UUUU has been the subject of several research analyst reports. Roth Capital set a $13.00 target price on Energy Fuels in a research note on Thursday, January 15th. B. Riley increased their price objective on Energy Fuels to $27.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, HC Wainwright reissued a “buy” rating and set a $26.75 price objective on shares of Energy Fuels in a report on Friday, January 9th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.13.

Energy Fuels Trading Down 5.1%

The firm has a 50-day moving average price of $16.07 and a 200-day moving average price of $14.51. The stock has a market capitalization of $5.30 billion, a PE ratio of -45.55 and a beta of 1.47.

Insiders Place Their Bets

In other news, EVP Timothy James Carstens sold 100,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $14.27, for a total transaction of $1,427,000.00. Following the sale, the executive vice president owned 167,029 shares in the company, valued at approximately $2,383,503.83. The trade was a 37.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark Chalmers sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $15.60, for a total transaction of $2,340,000.00. Following the transaction, the chief executive officer directly owned 911,343 shares of the company’s stock, valued at $14,216,950.80. The trade was a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 463,119 shares of company stock worth $6,935,437. Company insiders own 1.92% of the company’s stock.

Hedge Funds Weigh In On Energy Fuels

Large investors have recently added to or reduced their stakes in the company. Moody Aldrich Partners LLC purchased a new position in shares of Energy Fuels in the 3rd quarter valued at about $2,369,000. CenterBook Partners LP purchased a new stake in Energy Fuels during the 2nd quarter worth approximately $6,037,000. Sound Income Strategies LLC purchased a new position in Energy Fuels in the second quarter worth approximately $114,000. Geode Capital Management LLC increased its stake in Energy Fuels by 11.4% in the second quarter. Geode Capital Management LLC now owns 2,662,767 shares of the company’s stock valued at $15,318,000 after purchasing an additional 272,733 shares during the last quarter. Finally, White Pine Capital LLC boosted its holdings in shares of Energy Fuels by 180.5% in the second quarter. White Pine Capital LLC now owns 109,143 shares of the company’s stock valued at $628,000 after acquiring an additional 70,235 shares during the period. 48.24% of the stock is currently owned by institutional investors.

Energy Fuels Company Profile

Energy Fuels Inc (NYSE American: UUUU) is a U.S.-based mineral resources company focused on the production and processing of uranium, rare earth elements and other strategic minerals. The company’s core business activity centers on supplying nuclear fuel to power generators, leveraging a diversified portfolio of conventional and in-situ recovery (ISR) uranium mines located primarily on the Colorado Plateau, in Wyoming and in Texas.

At the heart of Energy Fuels’ operations is the White Mesa Mill in southeastern Utah, the only conventional uranium-vanadium mill currently permitted and operating in the United States.